Munish Forge IPO GMP: Day 3 IPO Live Updates

Fri Oct 03 2025

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The Munish Forge IPO GMP is ₹3 as of 3rd October 2025. It is a book-building IPO of ₹73.92 crores, comprising a fresh issue of 0.64 crore shares and an offer for sale of 0.13 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 8th October 2025. The face value of Munish Forge shares stands at ₹10 per share, and the IPO price band is set at ₹91 to ₹96 per share. Retail investors can bid for a minimum of 2 lots of 2,400 shares worth ₹2,30,400.

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Munish Forge IPO Grey Market Premium

As of 3rd October 2025, the Munish Forge IPO GMP stands at ₹3 per share. Thus, the estimated listing price would be ₹99. This indicates that the estimated listing gain in this IPO could be 3.12%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the Munish Forge IPO GMP updates.

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Listing Gains
3-10-2025	₹96.00	₹3.00	₹99.00	3.12%
2-10-2025	₹96.00	₹3.00	₹99.00	3.12%
1-10-2025	₹96.00	₹3.00	₹99.00	3.12%
30-09-2025	₹96.00	₹7.00	₹103.00	7.29%
29-09-2025	₹96.00	₹0.00	₹96.00	0.00%
28-09-2025	₹96.00	₹0.00	₹96.00	0.00%
27-09-2025	₹96.00	₹0.00	₹96.00	0.00%
26-09-2025	₹96.00	₹0.00	₹96.00	0.00%

Munish Forge IPO Details

IPO Open Date	30th September 2025
IPO Close Date	3rd October 2025
IPO Allotment Date	6th October 2025
Refund Initiation	7th October 2025
Issue Size	77,00,400 shares(aggregating up to ₹73.92 Cr)
Fresh Issue	59,71,200 shares(aggregating up to ₹57.32 Cr)
Offer for Sale	13,44,000 shares of ₹10(aggregating up to ₹12.90 Cr)
Face Value	₹10 per share
Lot Size	1,200 shares
Issue Price Final	₹91 and ₹96 per share
Issue Type	Bookbuilding IPO
Listing At	NSE & SME
Listing Date	8th October 2025

Explanation

Munish Forge IPO: Munish Forge Limited has announced that the issue price is set at ₹91 to ₹96 per share. With this IPO, the company allows retail investors to bid for two lots of 2,400 shares worth ₹2,30,000. The face value of Munish Forge Limited shares is ₹10 per share. The shares of Munish Forge Limited will be listed on NSE and SME on its tentative listing day, 8th October 2025. Scroll down to view GMP updates and reviews of the Munish Forge IPO.

Objectives of the Munish Forge IPO

The primary aim of the Munish Forge IPO is to raise ₹73.92 crore. On the other hand, Munish Forge has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Munish Forge IPO.

To Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery
To Repayment/Pre-payment of Certain Debt Facilities
To Working Capital Requirements
To General Corporate Purposes

Munish Forge IPO Registrar

Skyline Financial Services Private Limited is the registrar of the Munish Forge IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Munish Forge allotment and refund, you can contact Skyline Financial Services Private Limited at compliances@skylinerta.com or 02228511022.

Munish Forge IPO Review

The Munish Forge IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Munish Forge Limited’s revenue increased by 0.24% from ₹161.18 crore in March 2023 to ₹161.58 crore in March 2024. Moreover, the company’s PAT rose by 122.84% from ₹1.97 crores to ₹4.39 crores.

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Munish Forge IPO or not.

Munish Forge Limited Technicals

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Munish Forge IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	38.74
EPS (Earnings Per Share)	2.48
RoNW	10.81%
ROCE	9.88%
ROE	10.81%
EBITDA Margin	–
Price to Book Value	2.28
Market Capitalisation	₹231.07 Cr.

The P/E ratio of Munish Forge Limited’s share is 38.74, and its Earnings Per Share (EPS) stands at 2.48. Thus, the Munish Forge Limited IPO can deliver gains on its tentative listing date, 8th October 2025.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Munish Forge Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	38.74	16.45
EPS	2.48	5.84

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FAQs on Munish Forge IPO

What is the GMP of the Munish Forge IPO?

Ans. As of 3rd October 2025, the Munish Forge (Grey Market Premium) stands at ₹3. This suggests that the estimated listing price could be ₹99 per share.

What is the issue price of the Munish Forge IPO?

Ans. The Munish Forge IPO price is set between ₹91 and ₹96 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,400 shares, worth ₹2,30,400. Moreover, HNIs are required to bid for a minimum of 3 lots (3,600 shares) worth ₹3,45,600.

Who is the registrar of the Munish Forge IPO?

Ans Skyline Financial Services Private Limited is the registrar of the Munish Forge IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Munish Forge allotment and refund, you can contact Skyline Financial Services Private Limited at compliances@skylinerta.com or 02228511022.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Munish Forge IPO, download the Munish Forge IPO RHP and Munish Forge IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.